Photo Release: Thai and international organizations join forces to upgrade Thailand’s blockchain BCI has been established to develop the country’s infrastructure and promote the use of technologies in the business sector

At the Bank of Thailand, Dr. Veerathai Santiprabhob, Bank of Thailand Governor, and Mr. Predee Daochai, Chairman of Thai Bankers' Association and Chairman of the Board of Directors of BCI (Thailand) Co., Ltd., together with other executives of various organizations, recently participated in a press conference on the establishment of BCI (Thailand) Co., Ltd., marking the first time in the world's banking industry in which Thai and international banks collaborate to use blockchain on the same operating system. This collaborative effort aims to see 50 percent increase in the use of blockchain-based letter of guarantee within three years, which will help slash operating costs, enhance competitiveness for both businesses and the nation, alike.